BOSTON & ALPHARETTA, Ga.--(BUSINESS WIRE)--Roof Depot, a premier provider of commercial and residential roofing services in the Southeast and Southwest markets, announced today that it has received a growth capital investment from Copley Equity Partners, a Boston-based private investment firm focused on providing capital and resources to lower middle market companies with strong growth opportunities. Terms of the transaction were not disclosed.
“Roof Depot’s market leadership and consistent growth combined with its diversified service offerings and experienced management team has made the company a nationally recognized roofing platform,” says Peter Trovato, co-Founder and Managing Director, Copley Equity Partners. “We are thrilled to partner with the entire Roof Depot team to help accelerate growth and continue to build on the company’s long history of success.”
Founder Terry Dickerson echoes Pete Trovato’s sentiment: “All of us at Roof Depot are honored to be partnered with such a great group of people that want to both help and support our teams with the additional expertise and relationships to assist in achieving our growth and geographic expansion plans.”
Founded in 1998, Roof Depot has continued to fulfill residential and commercial roofing needs of those within their community. Over their 24+ year history, Roof Depot has expanded their service offerings and grown geographically throughout both the Southeast and Southwest, with office locations in Georgia, North Carolina, Texas, Florida and Maryland. Roof Depot is led by Terry Dickerson, Founder and CEO, who will be leading the business through its next stage of growth alongside Copley Equity Partners. The investment will enable Roof Depot to accelerate its growth, invest in its processes and people, and capitalize on Copley’s M&A expertise for opportunistic acquisitions.
Terry Dickerson comments further: “As we take this next step, we’re eager for the new growth opportunities our partnership with Copley Equity Partners will offer. We believe together we can continue to better execute on our strategy of seeking well-managed companies with experienced, talented teams with the expertise in our core business of roofing, siding, and gutters. We look forward to working with Copley to continue our momentum and even better serve the needs of our customers.”
“Roof Depot has built a sterling reputation in the roofing industry by continued focus on consistent performance for their clients, as well as investment in the technology-enabled advancements within their internal processes. Roof Depot has decades of experience working with the top suppliers, general contractors and real estate development firms within the roofing space,” says Ellie Bennett, a Senior Associate at Copley Equity Partners, who will join Roof Depot’s Board of Directors. “Copley has been especially impressed with the management team’s leadership abilities and we are excited for the partnership.”
About Roof Depot
As a leader in the Commercial and Residential roofing industry since 1998, Roof Depot has grown from serving the greater Atlanta area to working in over 21 states, including the U.S. Virgin Islands in a wide variety of projects. Headquartered in Alpharetta, GA, Roof Depot has office locations in Georgia, North Carolina, Texas, Maryland, and Florida. Roof Depot has the capability to handle a diverse variety of projects from single-family residences to multi-building, multi-type commercial projects with flat, low-slope, steep-slope, tile, or metal systems. www.roofdepot.com
About Copley Equity Partners
Established in 2012, Copley makes investments in privately held, lower-middle market companies. Copley invests out of an evergreen, single family office capital base. Copley invests across a broad range of sectors and is comfortable holding both majority and minority ownership positions. Post investment, Copley works closely with portfolio company management teams on key strategic initiatives and business development opportunities. Copley maintains offices in Boston and Denver. www.copleyequity.com
